BTC Bitcoin to $48K Possible
Today I am reviewing the 1D (daily) chart for Bitcoin (BTC) on a linear scale.
In the chart I noted:
1) The price is shown inside a parallel channel since March 12, 2020 when the RSI hit a major low.
2) Recently a double top formed with the breakdown today. The estimated target is around $47-48K. That is about a 16%-18% drop from current prices.
3) RSI may have a chance to get into the oversold area on the daily where it may be exciting to pick up a long.
This is one of many ideas I have put out on Bitcoin. Check out others below.
What are your opinions on this? I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
In the chart I noted:
1) The price is shown inside a parallel channel since March 12, 2020 when the RSI hit a major low.
2) Recently a double top formed with the breakdown today. The estimated target is around $47-48K. That is about a 16%-18% drop from current prices.
3) RSI may have a chance to get into the oversold area on the daily where it may be exciting to pick up a long.
This is one of many ideas I have put out on Bitcoin. Check out others below.
What are your opinions on this? I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.